LifeLifeBeatBeat It’s all about living !It’s all about living !

Comprehensive Critical Illness Insurance

Critical Illness + Long Term Care

LifeLifeBeatBeat??

LifeLifeBeat is:Beat is: an Advanced Critical Illness policyan Advanced Critical Illness policy a Comprehensive Critical Illness policya Comprehensive Critical Illness policy

Available in face amounts of $100k - $2mAvailable in face amounts of $100k - $2m

LifeBeat – Primary Components

Critical Illness Coverageto age 70

Long Term CareInsurance to age 100

22 ConditionsCovered

23 ConditionsCovered plus

LTC

LifeBeat – Available Riders

Critical Illness Coverageto age 70

Comprehensivecritical care

Return of premiums at

expiry (age 70)

Return of premiums at

death

T 10 and T 70 level plans

available

LifeBeat – Flexible riders

Return of premiums at

death

100% of modalpremiums

paid

LifeBeat – Flexible riders

Return of premiums at

expiry (age 70)

Cancel and receive 100% of modal premium refund*

LTC coverage begins and

premiums reduced by 25%

OR

* Except CCC Rider

LifeBeat – Available Riders

ComprehensiveCritical Care

Lump Sum• Cognitive impairment

• 2 of 6 ADL’s

Monthly Payments• Serious Illness

• Injury

OR

33. Comprehensive. Comprehensive Critical CareCritical Care

Part #1:Part #1:

Lump Sum:Lump Sum:

Cognitive ImpairmentCognitive Impairment

Loss of 2 of 6 ADLsLoss of 2 of 6 ADLs

LifeLifeBeatBeat::

(L.T.C. Rider)(L.T.C. Rider)

Level & Level & Renewable Renewable

Part #2:Part #2:

Monthly Payments:Monthly Payments:

any serious illness any serious illness ( 30 days )( 30 days )

accidental injury accidental injury ( 90 days )( 90 days )

LifeLifeBeBeatat::

3. Comprehensive3. Comprehensive Critical CareCritical Care

(Supplemental D.I. Top-up) (Supplemental D.I. Top-up)

Level & Level & Renewable Renewable

Part #2

Monthly Benefit Payment:Monthly Benefit Payment:

$7.50 per $1,000. Base $7.50 per $1,000. Base

Plan Plan

Minimum = $750 per Minimum = $750 per

monthmonth

Maximum =$7,500 per Maximum =$7,500 per

monthmonth

LifeLifeBeat Riders:Beat Riders:ComprehensiveComprehensiveCritical CareCritical Care

LifeLifeBeat Riders:Beat Riders:

Part #2 (cont’d)

Monthly Benefit Payment:Monthly Benefit Payment:

Begins:Begins:

30 Days - Most Cases30 Days - Most Cases

90 Days - Muscular or Skeletal Disorders90 Days - Muscular or Skeletal Disorders

Unable to Perform Regular OccupationUnable to Perform Regular Occupation

ComprehensiveComprehensiveCritical CareCritical Care

LifeLifeBeat Riders:Beat Riders:

Part #2 (cont’d)

Monthly Benefit Monthly Benefit

Payment:Payment: 24 Months, Per Incident24 Months, Per Incident

2nd Payer 2nd Payer

70% Pre-Tax Net Earned Income70% Pre-Tax Net Earned Income

ComprehensiveComprehensiveCritical CareCritical Care

LifeLifeBeat Riders:Beat Riders:

Part #2 (cont’d)

Monthly Benefit Payment:Monthly Benefit Payment:

Claims Cannot Exceed Policy’s Face AmountClaims Cannot Exceed Policy’s Face Amount

Face Amount reduced by Monthly Benefits PaidFace Amount reduced by Monthly Benefits Paid

Face Amount reinstated when 3 Years Claims FreeFace Amount reinstated when 3 Years Claims Free

ComprehensiveComprehensiveCritical CareCritical Care

LifeBeat - The most powerful solution in the marketplace

Return of premium Based on modality

• Refund• Reduce• Prepay

LifeBeat - The most powerful solution in the marketplace

Conversion to LTCGuaranteed

Guaranteed rates

Based on original age

LifeBeat - The most powerful solution in the marketplace

Flexible LTC claim options

after age 70:

• 25% of face amount plus

monthly Income

• Monthly Income • Monthly IncomeIndexed at 3%

LifeBeat - The most powerful solution in the marketplace

LTC monthly income

Guaranteed for a minimum of 5 years

• 25% of face amount plus

monthly Income

• Monthly Income • Monthly IncomeIndexed at 3%

Assumptions:1. Level LifeBeat2. ROP at Death & Expiry

Monthly Premium = Monthly Premium = $510$510..

Male 45 Nonsmoker$250,000.

Option #1:Option #1:At Age 70At Age 70

At Age 70At Age 70

$153,000. Refund$153,000. Refund

Plan TerminatesPlan Terminates

Level PlanLevel Plan to Age 70to Age 70

$359.$359.

ROP Death$29.$29.

ROP Expiry

$122.$122.

Assumptions:1. Level LifeBeat2. ROP at Death & Expiry

Level Plan to Age 70

$359.

ROP Expiry

$122.

Monthly Premium =$510.

LTC / C.I.

$271.

Male 45 NonsmokerMale 45 Nonsmoker$250,000.$250,000.

Option #2:Option #2:At Age 70At Age 70

$38,250. Refund$38,250. Refund

Coverage ContinuesCoverage Continues

Premium Reduced 25%Premium Reduced 25%

Pre-Pay Using RefundPre-Pay Using Refund

$ 271.

Level PlanLevel Plan to Age 70to Age 70

$359.$359.

ROP Death$29.$29.

ROP Expiry

$122.$122.

$271.$271.

LifeLifeBeat’s Beat’s LTC Pre-pay Option at LTC Pre-pay Option at Age 70Age 70

Monthly Premium at Age 70Monthly Premium at Age 70

$33,247.$33,247.

$38,250.$38,250.

Single Premium Amount RequiredSingle Premium Amount Required

ROP Refund at ROP Refund at Age 70Age 70

(Death & Expiry)(Death & Expiry)

Refund /Refund / (Additional Sum)(Additional Sum) RequiredRequired

Plan Purchased at Age 45by a Male Nonsmoker$250,000. Level +ROPD&E

$ 5,003.

LifeLifeBeat - Post Age Beat - Post Age 7070

Benefits are paid for Benefits are paid for eithereither

Long Term Care condition, Long Term Care condition, oror a Critical Illnessa Critical Illness

LifeLifeBeatBeat: : Summary Summary of Ridersof Riders

Critical IllnessCritical IllnessInsuranceInsuranceTo Age 70To Age 70

1. R.O.P. at Death1. R.O.P. at Death

2. R.O.P. at Expiry (Age 70)2. R.O.P. at Expiry (Age 70)

Full RefundPolicy

Terminated

25% Refund25% DiscountConvert LTC

3. C.C.Care3. C.C.Care

LTC(Lump Sum)

SupplementalIllness & Injury

(Monthly) Level Option only

LifeBeat: Competitive compensation

• T100

• 50% FYC

• Plus bonus

• LifeBeat

• 55% FYC

• Plus bonus

LifeLifeBeatBeat

““The The New BenchmarkNew Benchmark For All For AllCritical Illness & Long Term Care Plans”Critical Illness & Long Term Care Plans”

“ “ It’s all about living!”It’s all about living!”

From - 18/04/23

AXA supports advisors who practice needs based selling

AXA’s commitment to advisors

Enhanced compensation on T10, T20 and T70 products: Now 50% FYC + Bonus

Life insurance rates that are competitive in today’s market

Competitive product designs and featuresRemember…

Extreme Disability Benefit: A powerful and unique feature included in most of AXA’s life insurance contracts

AXA’s commitment to advisors

LifeBeat: Innovative critical Illness protection combined with LTC coverage

All-in-one easy to understand product

22 illnesses and coverages

Enhanced compensation on LifeBeat:

T10 45% FYC, T70 55% FYC + Bonus

Thank You

Paul Freedman

paul.freedman@axa-insurance.ca

416-721-4931(cell)